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Lowest Income-Tax Countries
Countries with the lowest top marginal personal income-tax rates — orientation only.
- 1
United Arab Emirates
- Top income tax
- 0%
- Corporate tax
- 9%
No personal income tax and no general capital-gains tax on individuals; gains realised at business level are generally within the 9% corporate tax (from 2023-06, taxable profit >AED 375k).
- 2
Saudi Arabia
- Top income tax
- 0%
- Corporate tax
- 20%
No general capital-gains tax on individuals; gains realised by companies and some non-resident disposals may be taxed at 20%.
- 3
Qatar
- Top income tax
- 0%
- Corporate tax
- 10%
No general capital-gains tax on individuals; gains realised by companies are generally taxed under the 10% corporate income tax.
- 4
Bahrain
- Top income tax
- 0%
- Corporate tax
- 0%
No personal/corp income tax (ex-oil/gas); 2025 onwards 15% corp tax on large MNEs (Pillar 2) only.
- 5
Hungary
- Top income tax
- 15%
- Corporate tax
- 9%
15% flat tax; 9% corp tax — lowest in EU.
- 6
Hong Kong
- Top income tax
- 16%
- Corporate tax
- 16.5%
Salaries tax capped by the two-tier standard rate 15%/16% (progressive 2–17% if lower) — top earners pay 16%. Territorial source; no CGT, no estate tax, no sales tax.
- 7
Estonia
- Top income tax
- 22%
- Corporate tax
- 22%
Corporate tax is charged on DISTRIBUTED profit only — retained profit is generally untaxed; the e-Residency programme supports remote setup.
- 8
Czechia
- Top income tax
- 23%
- Corporate tax
- 21%
- 9
Singapore
- Top income tax
- 24%
- Corporate tax
- 17%
No general capital-gains tax, but gains that are trading in nature can still be taxable. Dividends exempt (single-tier); foreign-source income exempt under conditions.
- 10
Brazil
- Top income tax
- 27.5%
- Corporate tax
- 34%
- 11
Poland
- Top income tax
- 32%
- Corporate tax
- 19%
- 12
Switzerland
- Top income tax
- 32.55%
- Corporate tax
- 16.1%
No single capital-gains rate: gains on privately held movable property (listed shares included) are generally exempt, gains on real property are taxed at cantonal level, and an investor reclassified as a professional securities dealer is taxed on income. Federal + cantonal + communal layers, so the combined burden varies by canton.
- 13
Thailand
- Top income tax
- 35%
- Corporate tax
- 20%
Capital gains are generally taxed as ordinary personal or corporate income — there is no separate capital-gains tax; gains on SET-listed shares can be exempt for individuals. Foreign income taxed on remittance (2024 change).
- 14
Mexico
- Top income tax
- 35%
- Corporate tax
- 30%
- 15
New Zealand
- Top income tax
- 39%
- Corporate tax
- 28%
No comprehensive capital-gains tax, but property sold inside the 2-year bright-line period is taxed and offshore equity falls under the FIF rules.
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